Business Standard

Coriander futures rise 0.71 pc on spot demand

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Press Trust of India New Delhi

Coriander prices rose by 0.71 per cent to Rs 6,040 per quintal in futures market Monday as participants built up fresh positions amid rising spot demand.

Besides, tight stocks on account of restricted arrivals from major growing regions boosted coriander futures.

At the National Commodity and Derivatives Exchange, coriander for January edged higher by Rs 70, or 0.71 per cent, to Rs 6,040 per quintal with an open interest of 490 lots.

Market analysts attributed the rise in coriander futures to upsurge in demand in the physical market against tight stocks position.

On similar lines, the delivery for February was trading higher by Rs 26, or 0.39 per cent, to Rs 6,669 per quintal with an open interest of 27,830 lots.

 

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First Published: Jan 14 2019 | 1:50 PM IST

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